The data for 2023 indicates that Malaysia leads in motor vehicle tax revenue with $35.03 million, while Slovenia and Latvia are at the bottom. Over the past two years, significant growth was seen in Ecuador and Morocco, while Brazil and Chad experienced notable declines. Over a five-year period, emerging markets, like the Dominican Republic and Rwanda, show strong consistent growth, suggesting a strategic approach to enhance revenue via vehicle taxes.
Future trends to watch include:
- Increasing revenues in developing nations due to policy improvements and economic growth.
- Potential declines in countries with decreasing vehicle populations or changes in taxation policy, such as Brazil.
- The impact of electric and shared vehicles potentially affecting tax structures worldwide.
Top countries in Recurrent Household Motor Vehicles Tax Revenue Perceived by a Federal or Central Government Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 35.03 | 2023 | +0.98% | +0.65% | View data |
| 2 | 2 Ecuador | 18.43 | 2023 | +3.07% | +3.31% | View data |
| 3 | 3 Morocco | 15.24 | 2023 | +2.94% | +3.67% | View data |
| 4 | 4 Guatemala | 7.48 | 2023 | +4.32% | +4.73% | View data |
| 5 | 5 Brazil | 4.85 | 2023 | -41.14% | -30.39% | View data |
| 6 | 6 Dominican Republic | 3.37 | 2023 | +3.91% | +9.04% | View data |
| 7 | 7 Kenya | 2.99 | 2023 | +1.49% | -3.17% | View data |
| 8 | 8 Mauritius | 2.33 | 2023 | +1.93% | +2.19% | View data |
| 9 | 9 Jamaica | 1.91 | 2023 | +3.19% | +3.97% | View data |
| 10 | 10 Tunisia | 1.69 | 2023 | -0.5% | -1.13% | View data |
